Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
QQQQ adv/decl. I am attempting, in the context of other indicators, a comparison with the events at the end of Nov 2010.
If the analogy holds, a green vertical line should appear soon, marking the transition to a stable adv/decl higher than 0.5, a crossover of FRAMA, L.Reg C & MAE (34) and a McClellan above the 0 line.
They represent small price/volume horizontal histograms,inside each day. Thus, a fat fin indicates a zone of congestion, in which many trades took place, at a respectable volume. Today we had 2 major crowded zones with their peaks (75.71 and 74.90) marked on the chart. In addition, 3 minor zones of congestion can be detected. This indicates a strong, move downhill, which occurred in successive waves of action. But…is this action sustainable???
IWM Feb 80 Calls @ 1.80
Nice list. Thanx. Also:
Too many super-smart guys shorting gold! Watching the pre-market...This trade was overcrowded before it started.
I think they were basing their fundamental view on the stability of the major currencies and the willingness of each government to actively support its own. LOL!
Buying the dips on SINA. I started to accumulate Feb 90 calls.
Congrats Langy! Nice play!
I know what most analysts say. They are lap-dogs of the WS manipulators. I am doing now short swings and I do not trust them.
Gold reversed the down-trend initiated overnight. Reversal UP looks technically sustainable and compatible with the previous BUY signals + confirmation (click above).
I am bullish on GLD, which had 3 successive entries (chart below). As a direct consequence of “Gann’s 4” ... #5 should not break down and constitutes an early entry point, if you trust such an early signal, NOT supported by any other strategy. For GLD, it worked well. 2 additional “classical” BUY signals came in only today, after a second “gap UP” of PALL, which was discussed this morning.
=================
P.S.: I also like HEAT!
I tried to get in the NFLX trade, but I was too late! Good luck, Langy!
Are you long NFLX calls?
The Portuguese auction was fixed. The Port. Gov. won’t tell who bought! In Europe it stinks all the way, from Sagres to the Urals. Distribution day in EU. Only CNBS talking heads keep misinforming their listeners.
JKS going still Up and UP, after the reversal.
SHZ = very nice but the spread is HUGE. I will try to insert myself in the trade on a retracement.
XOMA is ready to move up again!
Palladium…is where the gurus messed up. According to Ira Epstein, 2 days ago palladium was in a “confirmed down-trend’...and it ceased to be an important industrial metal. I guess it ceased to be a catalyst, by decree of the WS wizards. Never listen to them!!!
Again, today PALL doing great in pre-market. However, gold is still undecided. In the recent past, the moves of palladium preceded those of gold. But now, I am not so sure. I have no gold position now. I still own some "junior gold miners'.
Oh yes...Great chart! I might be too late for this party...
Chinese solars started to go up: JKS on Jan 4 amd today LDK - both for an extended swing...
OK...got it!
Sold to open Jan 77 puts close to the bottom of IWM this morning.So,now I have a time spread with 11 days to go.
GM 3X! shorting the RUT now: IWM Feb 77 puts @ 2.06
Excellent job Orvis! Congrats!
AGN (Allergan) breakout...
The Keltner Ch. indicates that a reversal is imminent. Notice that the price is out of it, more than it ever was throughout 2010.
However, in white, I have an envelope built according to the 40 days trading cycle. The Env.L = (cT-1):2. It could accept an SPX high = 1280.55 which is also close to the A’s fork midline.
Thanx, MTC!
Happy New Year to everyone!
Out of SHZ at 7.70, as previously targeted.